Common use of Guaranty to be Absolute Clause in Contracts

Guaranty to be Absolute. Guarantor agrees that Guarantor shall not be released hereunder by or because of the Purchaser taking, or failure to take, any action that might in any manner or to any extent vary the risks of Guarantor under this Guaranty in any manner or to any extent permitted by the Transaction Documents or that, but for this paragraph, might discharge or otherwise reduce, limit, or modify Guarantor's obligations under this Guaranty. Guarantor waives and surrenders any defense to any liability under this Guaranty based upon any such action, including but not limited to any action of Purchaser described in the immediately preceding paragraph of this Guaranty.

Guaranty to be Absolute. Guarantor agrees that until the Indebtedness has been paid in full and any terminated, Guarantor shall not be released hereunder by or because of the Purchaser taking, or failure to take, any action that might in any manner or to any extent vary the risks of Guarantor under this Guaranty in any manner or to any extent permitted by the Transaction Documents or that, but for this paragraph, might discharge or otherwise reduce, limit, or modify Guarantor's ’s obligations under this Guaranty. Guarantor waives and surrenders any defense to any liability under this Guaranty based upon any such action, including but not limited to any action of Purchaser Lender described in the immediately preceding paragraph of this Guaranty. It is the express intent of Guarantor that Guarantor’s obligations under this Guaranty are and shall be absolute and unconditional.

Guaranty to be Absolute. Guarantor agrees that until this Guaranty has been terminated as provided herein, Guarantor shall not be released hereunder by or because of the Purchaser taking, or failure to take, any action that might in any manner or to any extent vary the risks of Guarantor under this Guaranty in any manner or to any extent permitted by the Transaction Documents or that, but for this paragraph, might discharge or otherwise reduce, limit, or modify Guarantor's obligations under this Guaranty. Guarantor waives and surrenders any defense to any liability under this Guaranty based upon any such action, including but not limited to any action of Purchaser described in the immediately preceding paragraph of this Guaranty.